Union wage request for information?
How is it possible for the average annual earnings of nonunionized workers to exceed those of unionized workers even though unionized workers' hourly wages are more than $2 sophisticated?Answers: Possibly because of limited overtime to Union workers. ie the contract say that workers can only work every other weekend or some other such rule. Non-union may work a great deal more hours during the year.
There could also be some problems with background gathering. ie, non-hourly workers' salary being included surrounded by the annual income calculations, etc.
Possibly because alliance workers have to settle dues.
Bonds - HELP!?
Walker Corporation issued 14%, 5-year bonds with a par good point of $5,000,000 on January 1, 2007. Interest is to be paid semiannually on respectively June 30 and December 31. The bonds are issued at $5,368,035 cash when the open market rate for this bond is 12%.A) Prepare the general memoir entry to record the issuance of the bonds on January 1
B) Show how the bonds would be reported on Walker's be a foil for sheet at January 1
C) Walker uses the straight line method of amortization of any discount or premium on bonds. Prepare the standard journal entry to story the first semiannual interest payment on June 30.
Answers: A) Prepare the broad journal entry to register the issuance of the bonds on January 1
Dr Cash $5,368,035
Cr Bonds premium $368,035
Cr Bonds payable $5,000,000
B) Show how the bonds would be reported on Walker's balance sheet at January 1
Long-term liability
Bonds payable $5,000,000
Bonds premium $368,035
Carrying value $5,368,035
C) Walker uses the straight string method of amortization of any discount or premium on bonds. Prepare the general magazine entry to record the first semiannual interest pay-out on June 30.
These are 5 yr bonds with interest remunerated semiannually, so there are 10 interest period. The bond premium is amortised on the straight line method over these 10 period. Each period $368,035/10 = 36,803.50 is amortised.
June 30
Dr Bond interest expense 313,196.50
Dr Bond premium 36,803.50
Cr Cash 350,000 (half of $5m x 14%)
Does anyone know how much 23 euros is in pound?? thanks?
Answers: With a 0.7455 exchange rate (Euro to Pound) as of Feb. 8, it converts to 17.15 Pounds.
23.00 EUR
=
17.1454 GBP
about £17